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Carpetright staff on Teesside have escaped the axe after the struggling retailer announced an 81-store cull.

The struggling retailer has blamed the rise of online shopping for the “tough but necessary” decision - but has confirmed its Teesside branches at Portrack , Redcar and Darlington are not affected.

The chain, which is entering into a Company Voluntary Arrangement (CVA) to close “poorly located or over-rented stores”, has also confirmed it will follow up with equity financing to raise £60m to invest in remaining stores and its “online offer”.

Thursday’s announcement will not affect any outstanding orders placed by customers, it’s claimed.

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A spokesman said: “As of today, Carpetright plc is entering into a Company Voluntary Arrangement or ‘CVA’, and, if the CVA is approved we expect to close 81 stores in September 2018.

“There are currently over 400 Carpetright stores across the UK including many instances where our stores are less than five miles apart, and, with more and more customers choosing to shop online, this simply isn’t sustainable for us.

Carpetright (Image: PA)

“Following these potential closures, we will still retain a retail estate of approximately 300 stores so it’s likely that most customers will still have a Carpetright store nearby.

“The objective of the CVA is to establish a right-sized and right-rented estate of contemporary stores, complemented with a strong online offer, and it’s our belief that this is the best solution for our business and our customers.”